Mill Capital Management, LLC

Mill Capital Management serves individual clients—including high net worth individuals—and charitable organizations, providing discretionary investment management through separately managed accounts and occasional selection of external managers. The firm also offers financial planning as part of its advisory services and typically requires a $2,000,000 minimum account, with waivers possible in certain circumstances.

The firm’s investment approach centers on an internally managed large-cap equity strategy (MCM Equity) that targets high-quality, value-oriented U.S. large- and mid-cap companies, typically holding about 30–45 names and emphasizing a long-term, low-to-moderate turnover (roughly 5–30% annually). Portfolio construction is guided by return-on-invested-capital analysis and margin-of-safety valuation techniques (discounted cash flow and relative valuation), while fixed income and alternative exposures are implemented either internally or via external managers depending on client needs.

Noteworthy for a small advisory team, Mill Capital manages roughly $1.49 billion in client assets with only three advisors, producing a high level of assets per advisor compared with most peers and suggesting an institutional scale of assets under a compact team. The firm’s use of concentrated, stock-focused SMAs, inclusion of financial planning within management, and reliance on established custodial and proxy-voting arrangements are additional operational features that differentiate it from many similarly categorized firms.